NBT Bancorp Inc. (NASDAQ:NBTB) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund boosted its stake in shares of NBT Bancorp Inc. (NASDAQ:NBTBGet Rating) by 0.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,015 shares of the bank’s stock after purchasing an additional 282 shares during the period. Texas Permanent School Fund owned approximately 0.07% of NBT Bancorp worth $1,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NBTB. Mutual of America Capital Management LLC lifted its stake in NBT Bancorp by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,246 shares of the bank’s stock valued at $226,000 after buying an additional 323 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in NBT Bancorp by 3.7% in the 1st quarter. IndexIQ Advisors LLC now owns 10,978 shares of the bank’s stock valued at $397,000 after buying an additional 394 shares in the last quarter. Comerica Bank lifted its stake in NBT Bancorp by 1.4% in the 1st quarter. Comerica Bank now owns 38,224 shares of the bank’s stock valued at $1,394,000 after buying an additional 535 shares in the last quarter. Yousif Capital Management LLC lifted its stake in NBT Bancorp by 1.5% in the 1st quarter. Yousif Capital Management LLC now owns 40,482 shares of the bank’s stock valued at $1,463,000 after buying an additional 604 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in NBT Bancorp by 7.7% in the 1st quarter. Teacher Retirement System of Texas now owns 8,944 shares of the bank’s stock valued at $323,000 after buying an additional 643 shares in the last quarter. 56.70% of the stock is owned by institutional investors and hedge funds.

NBT Bancorp Trading Up 0.0 %

NBTB opened at $46.62 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $42.59 and its two-hundred day simple moving average is $39.73. NBT Bancorp Inc. has a 1-year low of $34.58 and a 1-year high of $48.68. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 13.17 and a beta of 0.62.

NBT Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 30th. NBT Bancorp’s dividend payout ratio (DPR) is 33.90%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of NBT Bancorp in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

About NBT Bancorp

(Get Rating)

NBT Bancorp Inc, a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans.

Further Reading

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Institutional Ownership by Quarter for NBT Bancorp (NASDAQ:NBTB)

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